Bitcoin․com Completes VERSE $50M Token Sale, Launches Token on Verse DEX

Bitcoin.com, a integer ecosystem and unafraid self-custody level wherever users tin safely and easy interact with cryptocurrencies and integer assets, announced completion of the pre-sale of its rewards and inferior token VERSE, wherever 16% of the full proviso was purchased for $50 million.

Bitcoin.com besides announced the motorboat of VERSE trading connected its decentralized exchange, the Verse DEX, starting astatine 00:30 UTC connected Dec 8. The archetypal listing terms volition beryllium $0.0015 per VERSE.

“The occurrence of the Verse token merchantability contempt terrible carnivore marketplace conditions is simply a testament to the prime of Bitcoin.com’s ecosystem token,” said Bitcoin.com CEO Dennis Jarvis. “I person nary uncertainty that Verse volition supercharge Bitcoin.com’s ngo to make economical state by helping to onboard millions much radical to Bitcoin and decentralized concern wherever they tin instrumentality vantage of the benefits enabled by self-custody, transparency, and censorship resistance.”

The VERSE token volition supply inferior successful Bitcoin.com’s ecosystem, which includes implicit 35 cardinal self-custody wallets created successful its multi-chain DeFi-ready mobile app, and an award-winning quality portal with implicit 2.5 cardinal monthly readers.

Verse volition besides enactment arsenic a rewards mechanics to promote affirmative actions specified arsenic taking self-custody of assets. For example, the Bitcoin.com squad launched successful November its CEX Education Program that volition reward radical affected by centralized crypto institution insolvencies portion encouraging the adoption of decentralized concern and self-custody. Five percent of the full VERSE token proviso is dedicated to the program.

Verse additionally refers to an ecosystem of decentralized applications (DApps) that volition usher millions of radical connected their travel beyond Bitcoin, including into decentralized concern (DeFi), 1 of the fastest-growing verticals successful Web3 today. In that regard, the Bitcoin.com squad launched the Verse Development Fund which volition accelerate maturation and innovation successful Bitcoin.com’s Verse ecosystem portion empowering projects that embody Bitcoin.com’s ethos of economical state and democratized finance. Thirty-four per cent of the VERSE token proviso is allocated to the Verse Development Fund with tokens being made disposable to the money connected a block-by-block ground linearly implicit 7 years.

Developers contributing to Verse done programs enabled by the Verse Development Fund volition person entree to Chainlink’s terms feeds, random fig generator, and astute declaration automation tools acknowledgment to a partnership between Bitcoin.com and the industry-standard Web3 services platform.

Other strategical buyers successful the pre-sale of Bitcoin.com’s VERSE token see Digital Strategies, Blockchain.com, Kucoin Ventures, Redwood City Ventures, Boostx Ventures, and Poly Network.

Bitcoin.com’s Dennis Jarvis added, “The wide scope of participants successful the Verse token merchantability means Bitcoin.com tin leverage prime networks, infrastructure, and tooling to guarantee the Verse ecosystem thrives. Ultimately this volition mean much opportunities for radical to payment from the powerfulness of decentralized finance.”

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